ENT 101 FINAL EXAM WITH CORRECT
QUESTIONS AND ANSWERS 2025
5 Phases of the Nail it then Scale It Process - CORRECT-ANSWERS1. Nail the Pain
2. Nail the Solution
3. Nail the Go-to-Market Strategy
4. Nail the Business Model
5. Scale It
Myths of Entrepreneurship - CORRECT-ANSWERS1. The Process Myth
2. The Hero Myth
3. The Money Myth
The Process Myth - CORRECT-ANSWERSThe conventional, "build it and then sell it" process
doesn't work because entrepreneurs start out with a guess
, The Hero Myth - CORRECT-ANSWERSQualities that are heralded as traits of the successful
may lead to your startup's demise
The Money Myth - CORRECT-ANSWERSMore money isn't necessarily better
Failures - CORRECT-ANSWERS• Tackle wrong tasks
• Do things in wrong order
• Fall prey to own strengths
• Follow conventional wisdom
• More capital can increase failure
• Is okay if you Fail Fast, and Fail Cheap
• Why do 90% of businesses fail - Couldn't get anyone to buy it
Customers do what in entrepreneurism - CORRECT-ANSWERSValidate a Product
Types of Customers - CORRECT-ANSWERS1. End-User Customers
2. Technical Customers
QUESTIONS AND ANSWERS 2025
5 Phases of the Nail it then Scale It Process - CORRECT-ANSWERS1. Nail the Pain
2. Nail the Solution
3. Nail the Go-to-Market Strategy
4. Nail the Business Model
5. Scale It
Myths of Entrepreneurship - CORRECT-ANSWERS1. The Process Myth
2. The Hero Myth
3. The Money Myth
The Process Myth - CORRECT-ANSWERSThe conventional, "build it and then sell it" process
doesn't work because entrepreneurs start out with a guess
, The Hero Myth - CORRECT-ANSWERSQualities that are heralded as traits of the successful
may lead to your startup's demise
The Money Myth - CORRECT-ANSWERSMore money isn't necessarily better
Failures - CORRECT-ANSWERS• Tackle wrong tasks
• Do things in wrong order
• Fall prey to own strengths
• Follow conventional wisdom
• More capital can increase failure
• Is okay if you Fail Fast, and Fail Cheap
• Why do 90% of businesses fail - Couldn't get anyone to buy it
Customers do what in entrepreneurism - CORRECT-ANSWERSValidate a Product
Types of Customers - CORRECT-ANSWERS1. End-User Customers
2. Technical Customers
